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Trade Setup For Monday: NIFTY May See A Mildly Positive Start; Avoid Shorts, Stay Stock-Specific

by Milan Vaishnav, CMT, MSTA | Sep 5, 2021 | Daily Market Outlook

The overbought Indian equities continued their rally on the last day of the week as they went on to end yet another day with gains. After a quiet start to the day, the NIFTY largely consolidated as it twice pared its gains to test the previous close levels during the...

Week Ahead: NIFTY Shows Internal Strength; RRG Chart Show These Sectors Improving Relative Strength

by Milan Vaishnav, CMT, MSTA | Sep 4, 2021 | Weekly Market Outlook

In a very strong surge to the up move, the Indian equity markets scaled greater heights as they ended on a new lifetime high. In the previous edition of the weekly note, it was mentioned that looking at the week’s options data and the amount of PUT writing that was...

Friday Trade Setup: NIFTY Continues To Show Strength; Stay Ultra Vigilant At Current Levels

by Milan Vaishnav, CMT, MSTA | Sep 2, 2021 | Daily Market Outlook

Markets witnessed yet another surge of  up move; moved past the expected resistance levels of 17200 as it ended above that. NIFTY saw a quiet start to the day; it stayed throughout the day in the positive territory. While forming low at its opening levels, the Index...

Thursday Trade Setup: NIFTY Likely To Stay Ranged; Options Expiry Data Show This Point Posing Resistance

by Milan Vaishnav, CMT, MSTA | Sep 1, 2021 | Daily Market Outlook

After a strong move of over 400-points of upside, the markets did consolidate on the expected lines. However, it did not while showing a lot of internal strength. The NIFTY opened on a modestly positive note; it got stronger in the first hour of the trade. Just when...

Outlook For Wednesday: NIFTY Shows Internal Strength; Stay Stock-Specific and Alert At Higher Levels

by Milan Vaishnav, CMT, MSTA | Aug 31, 2021 | Daily Market Outlook

While showing robust strength, the markets added more gains today for the second day in a row to end at a new lifetime high again. It was the second day, when the NIFTY registered gains in excess of 200 points. The global markets were subdued in the morning, and the...
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